{"id":8497,"date":"2026-04-14T18:31:28","date_gmt":"2026-04-14T18:31:28","guid":{"rendered":"https:\/\/friscotimes.org\/?p=8497"},"modified":"2026-04-15T02:14:05","modified_gmt":"2026-04-15T02:14:05","slug":"goldman-sachs-makes-surprise-jump-into-bitcoin-etfs-with-a-product-one-analyst-dubs-boomer-candy","status":"publish","type":"post","link":"https:\/\/friscotimes.org\/?p=8497","title":{"rendered":"Goldman Sachs makes surprise jump into Bitcoin ETFs with a product one analyst dubs \u2018boomer candy\u2019"},"content":{"rendered":"\n
\n

Goldman Sachs has long been content to watch the crypto craze from the sidelines, but in a surprise move, the big bank on Tuesday revealed plans for its own product in the form of a Bitcoin Premium Income ETF.<\/p>\n

\n

The new Goldman fund, which was described in a regulatory filing, is structured a little differently from traditional spot Bitcoin ETFs. The fund aims to buy other exchange-traded products that hold Bitcoin, rather than hold Bitcoin itself, and sell call options on those funds.\u00a0<\/p>\n

Goldman Sachs described the product as an \u201coptions overwrite strategy\u201d that creates regular income from the sale of the call positions. The firm added that, in modest or falling Bitcoin<\/a> markets, the ETF could outperform spot Bitcoin ETFs, but that its performance could lag those funds during times when Bitcoin experiences rapid price appreciation.<\/p>\n

Although this is Goldman\u2019s first Bitcoin ETF filing, the bank will not be the first issuer to offer a Bitcoin ETF with an options strategy. Grayscale offers<\/a> a Bitcoin covered call ETF, and BlackRock has filed<\/a> for a similar product.\u00a0<\/p>\n

Goldman has long had a hot-and-cold relationship with Bitcoin. In 2020, leaked slides showed the bank saying Bitcoin\u2019s appreciation was based primarily on people being willing to pay more for it, called it a conduit for illegal activity, and likened it to the Tulip Mania of the 17th century.\u00a0<\/p>\n

However, as Bitcoin and crypto have become more firmly embedded in the financial sector, Goldman has become more entwined with crypto. The bank was named<\/a> an authorized participant on BlackRock\u2019s Bitcoin ETF, and regulatory filings<\/a> show Goldman holds a number of Bitcoin- and crypto-linked ETFs and equities. Goldman Sachs CEO David Solomon has recently expressed<\/a> interest in tokenization and stablecoins.\u00a0<\/p>\n

With the filing, Goldman Sachs becomes the latest major U.S. bank to make a foray into proprietary Bitcoin funds, following Morgan Stanley\u2019s Bitcoin ETF launch last week.\u00a0<\/p>\n

Bloomberg ETF analyst Eric Balchunas called<\/a> the filing a shock on X and said that it may indicate that Goldman sees an opportunity to leapfrog current Bitcoin ETF leader BlackRock. Balchunas also speculated Goldman clients may want Bitcoin exposure but are willing to \u201cgive up some upside for lower downside and income,\u201d a structure the analyst referred to as \u201cboomer candy.\u201d<\/p>\n<\/div>\n

\n
FORTUNE CRYPTO 100:<\/strong> Fortune’s new annual list will recognize companies driving meaningful progress in digital assets\u2014from infrastructure and investment to applications and adoption. Is your organization is shaping the future of blockchain? Submit your nomination today<\/a>.<\/span><\/div>\n<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

Goldman Sachs has long been content to watch the crypto craze from the sidelines, but in a surprise move, the big bank on Tuesday revealed plans for its own product…<\/p>\n","protected":false},"author":966,"featured_media":8498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[6],"tags":[5970,2470,2806,7509,9196,9194,2502,8820,9195,2503,2627],"jetpack_publicize_connections":[],"yoast_head":"\nGoldman Sachs makes surprise jump into Bitcoin ETFs with a product one analyst dubs \u2018boomer candy\u2019 - Frisco Times<\/title>\n<meta name=\"description\" content=\"The filing from a major U.S. bank comes shortly after Morgan Stanley\u2019s Bitcoin ETF launched.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/friscotimes.org\/?p=8497\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Goldman Sachs makes surprise jump into Bitcoin ETFs with a product one analyst dubs \u2018boomer candy\u2019 - Frisco Times\" \/>\n<meta property=\"og:description\" content=\"The filing from a major U.S. bank comes shortly after Morgan Stanley\u2019s Bitcoin ETF launched.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/friscotimes.org\/?p=8497\" \/>\n<meta property=\"og:site_name\" content=\"Frisco Times\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-14T18:31:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-15T02:14:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/friscotimes.org\/wp-content\/uploads\/2026\/04\/GettyImages-98501874-e1776190906831.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jack Kubinec\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@FriscoTimes\" \/>\n<meta name=\"twitter:site\" content=\"@FriscoTimes\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jack Kubinec\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/friscotimes.org\/?p=8497#article\",\"isPartOf\":{\"@id\":\"https:\/\/friscotimes.org\/?p=8497\"},\"author\":{\"name\":\"Jack Kubinec\",\"@id\":\"https:\/\/friscotimes.org\/#\/schema\/person\/3e310febe4a8f86616fc4683b650529a\"},\"headline\":\"Goldman Sachs makes surprise jump into Bitcoin ETFs with a product one analyst dubs \u2018boomer candy\u2019\",\"datePublished\":\"2026-04-14T18:31:28+00:00\",\"dateModified\":\"2026-04-15T02:14:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/friscotimes.org\/?p=8497\"},\"wordCount\":433,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/friscotimes.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/friscotimes.org\/?p=8497#primaryimage\"},\"thumbnailUrl\":\"https:\/\/friscotimes.org\/wp-content\/uploads\/2026\/04\/GettyImages-98501874-e1776190906831.jpg\",\"keywords\":[\"analyst\",\"Bitcoin\",\"boomer\",\"Candy\",\"dubs\",\"ETFs\",\"Goldman\",\"jump\",\"product\",\"Sachs\",\"Surprise\"],\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/friscotimes.org\/?p=8497#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/friscotimes.org\/?p=8497\",\"url\":\"https:\/\/friscotimes.org\/?p=8497\",\"name\":\"Goldman Sachs makes surprise jump into Bitcoin ETFs with a product one analyst dubs \u2018boomer candy\u2019 - Frisco Times\",\"isPartOf\":{\"@id\":\"https:\/\/friscotimes.org\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/friscotimes.org\/?p=8497#primaryimage\"},\"image\":{\"@id\":\"https:\/\/friscotimes.org\/?p=8497#primaryimage\"},\"thumbnailUrl\":\"https:\/\/friscotimes.org\/wp-content\/uploads\/2026\/04\/GettyImages-98501874-e1776190906831.jpg\",\"datePublished\":\"2026-04-14T18:31:28+00:00\",\"dateModified\":\"2026-04-15T02:14:05+00:00\",\"description\":\"The filing from a major U.S. bank comes shortly after Morgan Stanley\u2019s Bitcoin ETF launched.\",\"breadcrumb\":{\"@id\":\"https:\/\/friscotimes.org\/?p=8497#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/friscotimes.org\/?p=8497\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/friscotimes.org\/?p=8497#primaryimage\",\"url\":\"https:\/\/friscotimes.org\/wp-content\/uploads\/2026\/04\/GettyImages-98501874-e1776190906831.jpg\",\"contentUrl\":\"https:\/\/friscotimes.org\/wp-content\/uploads\/2026\/04\/GettyImages-98501874-e1776190906831.jpg\",\"width\":1200,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/friscotimes.org\/?p=8497#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/friscotimes.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Goldman Sachs makes surprise jump into Bitcoin ETFs with a product one analyst dubs \u2018boomer candy\u2019\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/friscotimes.org\/#website\",\"url\":\"https:\/\/friscotimes.org\/\",\"name\":\"Frisco Times\",\"description\":\"Your Gateway to San Francisco's Stories\",\"publisher\":{\"@id\":\"https:\/\/friscotimes.org\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/friscotimes.org\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/friscotimes.org\/#organization\",\"name\":\"Frisco Times\",\"url\":\"https:\/\/friscotimes.org\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/friscotimes.org\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/friscotimes.org\/wp-content\/uploads\/2024\/06\/cropped-\u5fae\u4fe1\u622a\u56fe_20240625172131.png\",\"contentUrl\":\"https:\/\/friscotimes.org\/wp-content\/uploads\/2024\/06\/cropped-\u5fae\u4fe1\u622a\u56fe_20240625172131.png\",\"width\":512,\"height\":512,\"caption\":\"Frisco Times\"},\"image\":{\"@id\":\"https:\/\/friscotimes.org\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/FriscoTimes\",\"https:\/\/www.instagram.com\/friscotimes\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/friscotimes.org\/#\/schema\/person\/3e310febe4a8f86616fc4683b650529a\",\"name\":\"Jack Kubinec\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/friscotimes.org\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/?s=96&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/?s=96&r=g\",\"caption\":\"Jack Kubinec\"},\"url\":\"https:\/\/friscotimes.org\/?author=966\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Goldman Sachs makes surprise jump into Bitcoin ETFs with a product one analyst dubs \u2018boomer candy\u2019 - Frisco Times","description":"The filing from a major U.S. bank comes shortly after Morgan Stanley\u2019s Bitcoin ETF launched.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/friscotimes.org\/?p=8497","og_locale":"en_US","og_type":"article","og_title":"Goldman Sachs makes surprise jump into Bitcoin ETFs with a product one analyst dubs \u2018boomer candy\u2019 - Frisco Times","og_description":"The filing from a major U.S. bank comes shortly after Morgan Stanley\u2019s Bitcoin ETF launched.","og_url":"https:\/\/friscotimes.org\/?p=8497","og_site_name":"Frisco Times","article_published_time":"2026-04-14T18:31:28+00:00","article_modified_time":"2026-04-15T02:14:05+00:00","og_image":[{"width":1200,"height":600,"url":"https:\/\/friscotimes.org\/wp-content\/uploads\/2026\/04\/GettyImages-98501874-e1776190906831.jpg","type":"image\/jpeg"}],"author":"Jack Kubinec","twitter_card":"summary_large_image","twitter_creator":"@FriscoTimes","twitter_site":"@FriscoTimes","twitter_misc":{"Written by":"Jack Kubinec","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/friscotimes.org\/?p=8497#article","isPartOf":{"@id":"https:\/\/friscotimes.org\/?p=8497"},"author":{"name":"Jack Kubinec","@id":"https:\/\/friscotimes.org\/#\/schema\/person\/3e310febe4a8f86616fc4683b650529a"},"headline":"Goldman Sachs makes surprise jump into Bitcoin ETFs with a product one analyst dubs \u2018boomer candy\u2019","datePublished":"2026-04-14T18:31:28+00:00","dateModified":"2026-04-15T02:14:05+00:00","mainEntityOfPage":{"@id":"https:\/\/friscotimes.org\/?p=8497"},"wordCount":433,"commentCount":0,"publisher":{"@id":"https:\/\/friscotimes.org\/#organization"},"image":{"@id":"https:\/\/friscotimes.org\/?p=8497#primaryimage"},"thumbnailUrl":"https:\/\/friscotimes.org\/wp-content\/uploads\/2026\/04\/GettyImages-98501874-e1776190906831.jpg","keywords":["analyst","Bitcoin","boomer","Candy","dubs","ETFs","Goldman","jump","product","Sachs","Surprise"],"articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/friscotimes.org\/?p=8497#respond"]}]},{"@type":"WebPage","@id":"https:\/\/friscotimes.org\/?p=8497","url":"https:\/\/friscotimes.org\/?p=8497","name":"Goldman Sachs makes surprise jump into Bitcoin ETFs with a product one analyst dubs \u2018boomer candy\u2019 - Frisco Times","isPartOf":{"@id":"https:\/\/friscotimes.org\/#website"},"primaryImageOfPage":{"@id":"https:\/\/friscotimes.org\/?p=8497#primaryimage"},"image":{"@id":"https:\/\/friscotimes.org\/?p=8497#primaryimage"},"thumbnailUrl":"https:\/\/friscotimes.org\/wp-content\/uploads\/2026\/04\/GettyImages-98501874-e1776190906831.jpg","datePublished":"2026-04-14T18:31:28+00:00","dateModified":"2026-04-15T02:14:05+00:00","description":"The filing from a major U.S. bank comes shortly after Morgan Stanley\u2019s Bitcoin ETF launched.","breadcrumb":{"@id":"https:\/\/friscotimes.org\/?p=8497#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/friscotimes.org\/?p=8497"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/friscotimes.org\/?p=8497#primaryimage","url":"https:\/\/friscotimes.org\/wp-content\/uploads\/2026\/04\/GettyImages-98501874-e1776190906831.jpg","contentUrl":"https:\/\/friscotimes.org\/wp-content\/uploads\/2026\/04\/GettyImages-98501874-e1776190906831.jpg","width":1200,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/friscotimes.org\/?p=8497#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/friscotimes.org\/"},{"@type":"ListItem","position":2,"name":"Goldman Sachs makes surprise jump into Bitcoin ETFs with a product one analyst dubs \u2018boomer candy\u2019"}]},{"@type":"WebSite","@id":"https:\/\/friscotimes.org\/#website","url":"https:\/\/friscotimes.org\/","name":"Frisco Times","description":"Your Gateway to San Francisco's Stories","publisher":{"@id":"https:\/\/friscotimes.org\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/friscotimes.org\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/friscotimes.org\/#organization","name":"Frisco Times","url":"https:\/\/friscotimes.org\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/friscotimes.org\/#\/schema\/logo\/image\/","url":"https:\/\/friscotimes.org\/wp-content\/uploads\/2024\/06\/cropped-\u5fae\u4fe1\u622a\u56fe_20240625172131.png","contentUrl":"https:\/\/friscotimes.org\/wp-content\/uploads\/2024\/06\/cropped-\u5fae\u4fe1\u622a\u56fe_20240625172131.png","width":512,"height":512,"caption":"Frisco Times"},"image":{"@id":"https:\/\/friscotimes.org\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/FriscoTimes","https:\/\/www.instagram.com\/friscotimes\/"]},{"@type":"Person","@id":"https:\/\/friscotimes.org\/#\/schema\/person\/3e310febe4a8f86616fc4683b650529a","name":"Jack Kubinec","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/friscotimes.org\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/?s=96&r=g","caption":"Jack Kubinec"},"url":"https:\/\/friscotimes.org\/?author=966"}]}},"_links":{"self":[{"href":"https:\/\/friscotimes.org\/index.php?rest_route=\/wp\/v2\/posts\/8497"}],"collection":[{"href":"https:\/\/friscotimes.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/friscotimes.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/friscotimes.org\/index.php?rest_route=\/wp\/v2\/users\/966"}],"replies":[{"embeddable":true,"href":"https:\/\/friscotimes.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8497"}],"version-history":[{"count":1,"href":"https:\/\/friscotimes.org\/index.php?rest_route=\/wp\/v2\/posts\/8497\/revisions"}],"predecessor-version":[{"id":8499,"href":"https:\/\/friscotimes.org\/index.php?rest_route=\/wp\/v2\/posts\/8497\/revisions\/8499"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/friscotimes.org\/index.php?rest_route=\/wp\/v2\/media\/8498"}],"wp:attachment":[{"href":"https:\/\/friscotimes.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/friscotimes.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/friscotimes.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}